supply constraints

Rs.17,000 crore released into banking system; retail interest rates expected to fall (Roundup)


September 17th, 2012 - 11:22 pm ICT by IANS
Mumbai, Sep 17 (IANS) The Reserve Bank of India (RBI) Monday kept key interest rates unchanged, but cut the cash reserve ratio (CRR) releasing Rs.17,000 crore into the banking system ... Read more...

Posted in Business |

RBI cuts growth forecast to 6.5 percent, warns on inflation


July 30th, 2012 - 8:28 pm ICT by IANS
Mumbai, July 30 (IANS) India's economic growth is likely to fall to 6.5 percent, inflation accelerate and fiscal deficit widen, the Reserve Bank of India said Monday, painting a gloomy ... Read more...

Posted in Uncategorized |

Inflation to remain between 6.5-7.5 percent: Mukherjee (Lead)


June 14th, 2012 - 4:37 pm ICT by IANS
New Delhi, June 14 (IANS) Finance Minister Pranab Mukherjee Thursday said he is "confident" that the headline inflation will remain between 6.5-7.5 percent in 2012-13, even as the government ... Read more...

Posted in Business |

India to cut subsidies to 1.75 percent of GDP in 3 years: Mukherjee


May 5th, 2012 - 8:21 pm ICT by IANS
Manila, May 5 (IANS) The Indian government is committed to bringing down subsidies to below two percent of the country's gross domestic product (GDP) in the current fiscal ... Read more...

Posted in Business |

IMF suggests reforms, inflation check to resume India’s high growth


April 18th, 2012 - 11:13 am ICT by IANS
Washington, April 18 (IANS) The International Monetary Fund (IMF) has suggested reinvigoration of structural reforms, including development of infrastructure, fiscal consolidation and controlling of inflation to bring India's growth back ... Read more...

Posted in Business |

Pranab praises Mamata for improving food supplies


February 6th, 2012 - 9:22 pm ICT by IANS
Kolkata, Feb 6 (IANS) Union Finance Minister Pranab Mukherjee Monday praised West Bengal Chief Minister Mamata Banerjee for checking inflation by improving foodgrain supplies in the state."The essential parts ... Read more...

Posted in Politics |

Shifting focus to growth, RBI infuses Rs.320 bn into system (Roundup)


January 24th, 2012 - 7:34 pm ICT by IANS
Mumbai, Jan 24 (IANS) Departing from its two-year-old tough monetary policy, India's central bank released Rs.32,000 crore (Rs.320 billion/$6 billion) into the country's banking system to incrrease liquidity in ... Read more...

Posted in Business |

Highlights of the third quarter review of monetary policy


January 24th, 2012 - 2:41 pm ICT by IANS
Mumbai, Jan 24 (IANS) The following are the highlights of the third quarter review of the monetary policy unveiled by the Reserve Bank of India Tuesday:-- Cash reserve ratio lowered ... Read more...

Posted in Business |

Supply constraints pushing up food inflation: KPMG


November 8th, 2011 - 9:35 pm ICT by IANS
New Delhi, Nov 8 (IANS) India's food inflation has remained high in the recent month and surged to over 12 percent for the week ended Oct 22, mainly because ... Read more...

Posted in Business |

Difficult to sustain high growth without curbing inflation: RBI


September 28th, 2011 - 5:08 pm ICT by IANS
Boston, Sep 28 (IANS) Sustaining high economic growth will be difficult if inflation continues to remain at the current level, Reserve Bank of India (RBI) Executive Director Deepak Mohanty ... Read more...

Posted in Business |

Reducing food inflation will take some time: Pranab


September 3rd, 2011 - 8:04 pm ICT by IANS
Kolkata, Sep 3 (IANS) Conceding that double-digit food inflation is worrisome, union Finance Minister Pranab Mukherjee Saturday said the monetary policies of the Reserve Bank of India (RBI) will ... Read more...

Posted in Business |

Inflation eases to 9.22 percent in July (Lead)


August 16th, 2011 - 7:21 pm ICT by IANS
New Delhi, Aug 16 (IANS) Inflation based on wholesale price index declined marginally to 9.22 percent in July, the lowest level in eight months, from 9.44 percent in the ... Read more...

Posted in Business |

Government banks on monsoon, rate hikes to tame inflation


August 16th, 2011 - 6:15 pm ICT by IANS
New Delhi, Aug 16 (IANS) The government is hopeful that the series of rate hikes by the Reserve Bank of India (RBI) and good monsoon would help moderate inflationary ... Read more...

Posted in Business |

Interest rate hike won’t curb inflation, says BJP


July 27th, 2011 - 7:57 pm ICT by IANS
New Delhi, July 27 (IANS) Contending that the interest rate hike by the Reserve Bank of India will not help curb inflation, the Bharatiya Janata Party said the government ... Read more...

Posted in Politics |

Reliance Industries plans major capacity expansion


April 13th, 2011 - 8:23 pm ICT by IANS
New Delhi, April 13 (IANS) India's largest private sector player Reliance Industries Limited (RIL) Wednesday said it was expanding its polyester manufacturing capacity in a major way to capitalise on ... Read more...

Posted in Business |

Rangarajan calls for tight monetary policy to deal with inflation


February 21st, 2011 - 6:19 pm ICT by ANI
New Delhi, Feb 21 (ANI): Dr. C. Rangarajan, the chairman of the Prime Minister's Economic Advisory Council, today said India needed a tight monetary and fiscal policy to deal with high inflation.Releasing ... Read more...

Posted in Business |

Government deeply concerned about inflation: Patil (Lead)


February 21st, 2011 - 5:14 pm ICT by IANS
New Delhi, Feb 21 (IANS) The United Progressive Alliance government is "deeply concerned" over the effects of inflation, especially high food prices, on the common man and the threat it poses ... Read more...

Posted in Business |

President Patil says Govt. deeply concerned about inflation


February 21st, 2011 - 2:33 pm ICT by ANI
New Delhi, Feb 21 (ANI): President Pratibha Devisingh Patil on Monday said that the Government is deeply concerned over the adverse impact of inflation on the aam aadmi."My government is deeply concerned ... Read more...

Posted in National |

Government deeply concerned about inflation: Patil


February 21st, 2011 - 1:18 pm ICT by IANS
New Delhi, Feb 21 (IANS) The United Progressive Alliance government is "deeply concerned" over the effect of inflation on the common man and the threat it poses to the growth of ... Read more...

Posted in Business |

SBI sets infrastructure credit limit at Rs.1 tn


February 11th, 2011 - 5:35 pm ICT by IANS
Kolkata, Feb 11 (IANS) India's largest lender State Bank of India (SBI) has set a credit limit of Rs.1 trillion (Rs.1 lakh crore/$22 billion) for the infrastructure sector, a top official ... Read more...

Posted in Business |

Food inflation soars yet again (Lead)


February 3rd, 2011 - 5:05 pm ICT by IANS
New Delhi, Feb 3 (IANS) India's annual food inflation shot up to 17.05 percent for the week ended Jan 22, as prices of onions, vegetables and other essential food items continued ... Read more...

Posted in Business |

Wholesale, retail price gap pushing inflation up: Pranab


January 6th, 2011 - 9:09 pm ICT by IANS
New Delhi, Jan 6 (IANS) Terming the widening gap between wholesale and retail prices the major reason for soaring food inflation, Finance Minister Pranab Mukherjee Thursday asked state governments to urgently ... Read more...

Posted in Business |

Mahindra fourth quarter net up 36.4 percent


May 29th, 2010 - 5:19 pm ICT by IANS
Mumbai, May 29 (IANS) Auto major Mahindra and Mahindra (M&M) Saturday reported a 36.4 percent rise in net profit at Rs.570.3 crore for the quarter ended March 31, compared to Rs.418.1 crore ... Read more...

Posted in Business |

India may slap taxes, quotas to limit iron ore exports


May 19th, 2010 - 5:54 pm ICT by IANS
New Delhi, May 19 (IANS) India may impose taxes and quotas on exports of iron ore from the country to increase availability of the raw material for the domestic steel industry, steel ... Read more...

Posted in Business |

Fiscal consolidation must for sustainable growth: Pranab


March 6th, 2010 - 8:33 pm ICT by IANS
Mumbai, March 6 (IANS) Finance Minister Pranab Mukherjee Saturday said the current economic growth would not be sustainable without fiscal consolidation. "Without fiscal consolidation the growth which we have achieved will not ... Read more...

Posted in Business |

India on verge of disaster on farm front: M.S. Swaminathan


January 6th, 2010 - 11:50 am ICT by IANS
By Fakir Balaji Thiruvananthapuram, Jan 6 (IANS) M.S. Swaminathan, top farm scientist and one of the architects of India's green revolution, has warned that the country would face a food crisis if agriculture ... Read more...

Posted in Business |

‘Space technology holds key to challenges facing India’


January 4th, 2010 - 8:10 pm ICT by IANS
By Fakir Balaji Thiruvananthapuram, Jan 4 (IANS) Space technology and its applications can help India meet its food and energy security needs, a top space scientist said here Monday."Space technology and applications ... Read more...

Posted in Sci-Tech |

Commodity prices shoot up in Jaipur


December 9th, 2009 - 8:44 pm ICT by ANI
Jaipur, Dec 9 (ANI) : Resident of Jaipur are facing problems due to the price rise of general commodities by 40 to 50 percent.Prices of essential food items, vegetables and items like ... Read more...

Posted in National |

Supply of some commodities still a problem: Cabinet secretary


November 16th, 2009 - 2:49 pm ICT by IANS
New Delhi, Nov 16 (IANS) Cabinet secretary K.M. Chandrasekhar Monday said supply constraints of some commodities still existed and the price situation would ease as soon as the supply improved. "There are supply ... Read more...

Posted in Business |

Bajaj motorcycle sales grow 52 percent in October


November 2nd, 2009 - 3:59 pm ICT by IANS
Mumbai, Nov 2 (IANS) Leading two-wheeler major Bajaj Auto Monday said its motorcycle sales grew 52 percent in October to 249,681 units, as against the 163,850 units it sold in the corresponding ... Read more...

Posted in Business |

Oil PSU officers strike now creates a fuel supply crisis for consumers


January 8th, 2009 - 9:34 pm ICT by ANI
New Delhi, Jan.8 (ANI): The ongoing strike by employees of various oil Public Sector Units (PSUs) has now created a fuel supply crisis in various cities and states. Sources said that with ... Read more...

Posted in National |

Cost of price adjustment has to be borne by all stakeholders: CII


June 3rd, 2008 - 11:40 pm ICT by ANI
New Delhi, June 3 (ANI): The cost of price adjustment has to be borne by all stakeholders including consumers, Oil Companies and the Government was the consensus among the panel of ... Read more...

Posted in South Asia |

India’s growth story intact: New CII president (Lead)


May 1st, 2008 - 6:21 pm ICT by admin
New Delhi, May 1 (IANS) India's growth story is intact and the economy will expand by 8.5-9 percent in the current fiscal, driven by a strong corporate performance, says an optimistic K.V. ... Read more...

Posted in Business |

Steep rise in food prices will make inflation control difficult: Manmohan Singh


April 10th, 2008 - 10:03 pm ICT by admin
New Delhi, Apr 10 (ANI): At a time when consumers in India are bearing the blunt of spiralling inflation, Prime Minister Manmohan Singh on Thursday said that a steep rise in ... Read more...

Posted in South Asia |

Inflation control becoming difficult: PM


April 10th, 2008 - 8:54 pm ICT by admin
New Delhi, April 10 (IANS) The steep increase in prices of food and essential commodities was making inflation management a difficult task and could "hurt" macroeconomic stability, Prime Minister Manmohan Singh said ... Read more...

Posted in Business |

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